Avian Starts Broadsoft (BSFT) at Negative, $37 Price Target

April 4, 2011 2:13 PM EDT
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Price: $54.90 --0%

Rating Summary:
    1 Buy, 13 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 8
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An analyst at Avian Securities initiated coverage on Broadsoft (NASDAQ: BSFT) with a Negative rating and a $37 price target Monday.

With shares of Broadsoft closing last week's trading session at $48.70, Avian's new price target implies potential downside of about 24 percent.

For more ratings news on Broadsoft click here and for the rating history of Broadsoft click here.


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